Weekly project updates:Chainlink introduced PoR, Aptos partnered with Google Cloud, NFT's weekly summary, etc
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1. Chainlink’s weekly summary a. Chainlink Labs has introduced PoR, assisting CEX in prove its asset reserves. link On November 11, Chainlink Labs introduced proof-of-reserve (PoR), a new service meant to assist exchanges in demonstrating their asset reserves. POR is a tool that enables people to verify the reserves of cryptocurrency exchanges in real-time, and certain exchanges have made their reserves publicly accessible. The service employs Chainlink nodes connected to the exchange’s API and vault address, which are in turn coupled to a reserve proof smart contract that can be queried by any account on the network to determine if the exchange’s assets and liabilities are equal.
Weekly project updates:Chainlink introduced PoR, Aptos partnered with Google Cloud, NFT's weekly summary, etc
Weekly project updates:Chainlink introduced…
Weekly project updates:Chainlink introduced PoR, Aptos partnered with Google Cloud, NFT's weekly summary, etc
1. Chainlink’s weekly summary a. Chainlink Labs has introduced PoR, assisting CEX in prove its asset reserves. link On November 11, Chainlink Labs introduced proof-of-reserve (PoR), a new service meant to assist exchanges in demonstrating their asset reserves. POR is a tool that enables people to verify the reserves of cryptocurrency exchanges in real-time, and certain exchanges have made their reserves publicly accessible. The service employs Chainlink nodes connected to the exchange’s API and vault address, which are in turn coupled to a reserve proof smart contract that can be queried by any account on the network to determine if the exchange’s assets and liabilities are equal.